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Nov 1, 2012
11/12
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KTVU
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gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last month. spain and greece have the highest unemployment rates - both hover around 25%. young people have been hit the hardest - 3.5 million young people under the age of 25 are out of work. jpmorgan is still chasing down employees involved in the bank's massive $6-billion trading loss. reports say jpmorgan is suing the man who supervised "bruno iksill," the trader known as the london whale. iksill is said to be responsible for taking supersized positions in deravitives that led to multi-billion losses this year for jpmorgan. his boss, javier martin artajo, is now being sued in a british court by the bank. facebook is feeling the post- lock-up pinch and slipped a little. about 229 millon shares expired this week, giving faceboook employees the right to sell their stock as part of an agreement after facebook's ipo. bu
gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last month. spain and greece have the highest unemployment rates - both hover around 25%. young people have been hit the hardest - 3.5 million young people under the age of 25 are out of work. jpmorgan is still chasing down employees involved in the bank's massive...
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Oct 31, 2012
10/12
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MSNBCW
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yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even though it was in the supreme court this year, and obama did. there are still important issues where they will not tell the truth or give any answer at all. >> and i -- he's not trying to trick the jeep workers in toledo who know the truth. >> right. >> he's trying to get other people in ohio who don't have someone at the kitchen table who can tell them exactly how it works at chrysler. >> yeah, this is sort of like targeting messaging for low-information voters. i mean to your point. >> and doing it at the last minute. >> the last minute. it's harder to rebut. and one other p
yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even...
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Oct 31, 2012
10/12
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CNBC
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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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Oct 31, 2012
10/12
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MSNBC
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the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay. >> willie, what do you think of cargate? >> cargate. they shouldn't lie. >> i think it's subjectively untrue. the ad. i think that pretty much ends it, right? it's false. no? >> what romney said on the stump was false. the ad is true. >> right. >> it's misleading, but it's true. >> explain what you mean. >> i'm sorry. what? >> production in the u.s. that exists. they're making jeeps in the u.s., selling them in the u.s. they're talking about making jeeps to sell in china in china. romney initially suggested on the stump, wrongly, that they were going to move all jeep production to china, including selling -- bu
the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay....
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Oct 31, 2012
10/12
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MSNBC
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under president obama, gm cut 15,000 american jobs, but they're planning to double the number of cars built in china which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? >> that provoked general motors spokesman to release this statement "we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its since call worst will diminish our record of creating jobs in the u.s. and repatriating profits back to this country." and in an
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under...
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Oct 31, 2012
10/12
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just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> you are watching "worldwide exchange" and these are your headlines. sandy leaves a massive path of devastation in its wake as r residents belong a long and costly recovery process. >>> barclays with two new investigations in the u.s. as the bank u
just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get...
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Nov 4, 2012
11/12
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WJLA
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. >> obama took gm and chrysler bankruptcy and sold chrysler to italians who will s in china. >> it is an outrageous lie. captioned by the national captioning institute --www.icap.org-- >> we thought this was going to special preelection broadcast. that all weking have to do his handicap the election. sandy.ong came hurricane politics, all wiseman told never that you can around ththe corner. then't want to minimize tragic human dimensions of this aftermath, butt is a politil program d the election is next tuesday, so here goes. new jersey gov. chris christie prior to the storm. let's give you the plane ride back to chicago ththat you have earned. i cannot thank the president and compassion for the state.of our >> he has putis heart and soul that the people jersebounce back .tronger than before >> for the past feways, voters president hugging looking, well, presidential during a time of .risis election practically on doorstep, how will the and its of sandy mark?ath play out, >>>> good for president obama i. the time of disaster, the only electe officials who have an opportunity toto per
. >> obama took gm and chrysler bankruptcy and sold chrysler to italians who will s in china. >> it is an outrageous lie. captioned by the national captioning institute --www.icap.org-- >> we thought this was going to special preelection broadcast. that all weking have to do his handicap the election. sandy.ong came hurricane politics, all wiseman told never that you can around ththe corner. then't want to minimize tragic human dimensions of this aftermath, butt is a politil...
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Nov 1, 2012
11/12
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FOXNEWSW
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in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> that's it? >> rose charges it was a simple political calculation a democratic president and his administration taking care of democratic ally organized neighbor. >> i believe in th
in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored...
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Nov 1, 2012
11/12
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MSNBC
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but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of chrysler's comeback, and toledo, ohio, and detroit, michigan, where they are adding jobs, shifts in the plants and making more jeeps than ever before and can't keep them in stock long enough. so to suggest that they need to go elsewhere to build their jeeps is false. and the fact of the matter is, in the global auto industry today, particularly in china, the mantra is, build them where you sell them. so this idea that somehow american jobs are at risk, because of chinese production, really doesn't add up. >> let me go to steve rattner. i think for the peo
but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of...
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Oct 27, 2012
10/12
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CNNW
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they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt romney's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a manage
they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt...
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Nov 4, 2012
11/12
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gm, the pistons and the u.s. government would buy back delco auto parts and give it back to general motors to put its parts back on. but the vultures had secretly bought up, including and particularly romney's syndicatee debt cheaply. that is how these guys operate. they buy have forgotten old debts for 20 cents on the dollar and they use that, those pieces of basically worthless garbage paper to a trick in the chapter 11 bankruptcy code to say we'll does, we own delphi and by the way, if you don't give us our money, $12.9 billion it was, $12.9 billion, we will cut off your parts and here is a "meant. this is a quote from romney syndicate. lee will shut you down. that is what they told the u.s. treasury, general motors, we will shut you down. by the way elliotts today, mr. singer's group said that they never threatened or shut down delphi. ballowe didn't. they threaten to shut down general motors and chrysler to put them out of business. i'm not talking bankruptcy. i'm talking about liquidation, demolish the plan
gm, the pistons and the u.s. government would buy back delco auto parts and give it back to general motors to put its parts back on. but the vultures had secretly bought up, including and particularly romney's syndicatee debt cheaply. that is how these guys operate. they buy have forgotten old debts for 20 cents on the dollar and they use that, those pieces of basically worthless garbage paper to a trick in the chapter 11 bankruptcy code to say we'll does, we own delphi and by the way, if you...
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Oct 31, 2012
10/12
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FBC
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when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is trying to get back to a sense of normalcy here. i'm hearing about guys talking about sleeping in host tolls, going to homes with power. everybody is contending and juggling a lot as they try to continue to keep markets running smoothly. back to you. cheryl: nicole, thank you very much. got brakinging news. ashley: we certainly do. the "new york post" reporting that mayor bloomberg will temporarily be banning passenger cars from entering manhattan. of course this is the as the city struggles to recover from hurricane sandy. the streets today were absolutely at a standstill. took people hou
when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is...
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Oct 30, 2012
10/12
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CNBC
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gm said they will donate 50 chevy trucks to the red cross for use in recovery efforts. 3 m committed cleaning products, duct tape to the red cross. goldman sachs is setting up charging stations in conjunction with conrad, new york, and providi providing bottled water for residents. walmart is using its network to keep the word out about shelters by keeping website and twitter a counts updated with the latest information. >> thank you very much, courtney reagan. >>> restaurant in sandy's path facing head winds following storm damage. pizza maker papa johns has 600 locations near the storm. responsible for leading the company's global operations. joins us now from louisville, kentucky. great to have you with us. >> thank, melissa, great to be here. >> what sort of disruptions in terms of delivery and distribution are you seeing right now? >> well, as you said, we have 600 stores that were in the path of the storm. and last night we actually had between yesterday and last night 200 stores that were closed. and as of late this afternoon we still have around 100 that are still yet to be o
gm said they will donate 50 chevy trucks to the red cross for use in recovery efforts. 3 m committed cleaning products, duct tape to the red cross. goldman sachs is setting up charging stations in conjunction with conrad, new york, and providi providing bottled water for residents. walmart is using its network to keep the word out about shelters by keeping website and twitter a counts updated with the latest information. >> thank you very much, courtney reagan. >>> restaurant in...
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Nov 3, 2012
11/12
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WETA
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something -- don't do it, it is going to come back and bite us. it has. he is basically accusing the president of the united states with his bailout of plotting with gm and chrysler to send american jobs overseas to china. this is beyond a guide double parking outside in northridge on christmas -- >> if mark is correct and there was an internal fight in the campaign, and we think there had to be, because this is a hot pants on fire -- a pants on fire ad, the person who decides that in the end when there is that kind of a fight is the candidate. >> well -- >> no -- four years ago, mccain decided not to run ads on the jeremiah wright stuff.
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something...
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Oct 27, 2012
10/12
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CNBC
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romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i think that will be just fine, by the way. i want to hear from little chart industries, the company as an important recommendation, and key to our nation's attempt to harness natural gas. it's a huge cost control for the whole conversion. we'll be on it. kellogg is a trade and there was a time when kellogg was consistent, consistent, consistent. i think you want to own the stock going into the number and the company is taking off with restructuring, beginning to grow again. they are an antifiscal cliff stock if there ever were one. then chesapeake e
romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i...
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Oct 31, 2012
10/12
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CNBC
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romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on
romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what...
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Oct 27, 2012
10/12
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CNBC
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romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty by near situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exon. i think that will be just fine, by the way. i want to hear from little chart industries, the company as an important recommendation, and key to our nation's attempt to harness natural gas. it's a huge cost control for the whole conversion. we'll be on it. kellogg is a trade and there was a time when kellogg was consistent, consistent, consistent. i think you want to own the stock going into the number and the company is taking off with restructuring, beginning grow again. they are an antifiscal cliff stock if there ever were one. then chesapeake ener
romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty by near situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exon. i...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler wold not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuablthan services. the mayor can onomy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't y it. it is big in the swing states. politically. jo
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler would not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuable than services. the mayor can economy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't say it. it is big in the swing states. states.
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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Oct 31, 2012
10/12
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MSNBCW
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gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant, about 35 minutes from north toledo where a state-of-the-art facility was built about a decade ago with the support of a republican governor across northwest ohio and thousands and thousands of jobs were saved because of it. let me remind you, i know you know this, general motors and fiat which owns a share of chrysler which produces the iconic brand jeep are publicly traded corporations. with lives of workers at risk. and you are greeted by a television kwhescommercial suggg your job is about to be shipped to china. mitt romney knows it's not true and if he d
gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant,...
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Oct 31, 2012
10/12
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FBC
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back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pr
back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after...
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Oct 28, 2012
10/12
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we used to build suburbans and tahoes for gm. we used to say as gm goes, so goes janesville. we lost our plant. a lot of my friends from high school thought they could make a living for their families, they lost that. that livelihood is gone. i have a buddy that went from $25 an hour down to $9 an hour without benefits. we have got to help these people who are stuck in between, who are in the middle of their earning years when they are supposed to be building for their family, saving for their family, putting themselves on the path of pursuing their version of happiness, making the american dream realized for themselves and their kids. we have 46 job-training programs coming out of washington, spread across seven agencies. it is nothing but bureaucracy. the bureaucrats of the way, give people the ability to take this and get people the skills they need so they can get the jobs they want in the 21st century and have themselves back on the path to prosperity. it is so essential. open up energy, get people the skills they need, and it just like a case of common sense, we have to
we used to build suburbans and tahoes for gm. we used to say as gm goes, so goes janesville. we lost our plant. a lot of my friends from high school thought they could make a living for their families, they lost that. that livelihood is gone. i have a buddy that went from $25 an hour down to $9 an hour without benefits. we have got to help these people who are stuck in between, who are in the middle of their earning years when they are supposed to be building for their family, saving for their...
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79
Oct 28, 2012
10/12
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MSNBC
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it wasn't like this was gm. he actually got rid of the employees, moved the jobs to china and moved his money to iraq off the coaa rock off the coast of france. >> if i'm reading the nation cover story or i managed to pick up greg's book,a rock off the ct of france. >> if i'm reading the nation cover story or i managed to pick up greg's book,a rock off the cf france. >> if i'm reading the nation cover story or i managed to pick up greg's book,a rock off the c france. >> if i'm reading the nation cover story or i managed to pick up greg's book,rock off the coa. >> if i'm reading the nation cover story or i managed to pick up greg's book, how do you turn this, which clearly seems to suggest a deception that should make us nervous as americans, how do you turn it into political strategy without whining that this guy made millions? >> i think one guy that the campaign is doing is making sure that the groups that support the president are getting this information out to their members, through their networks, that the
it wasn't like this was gm. he actually got rid of the employees, moved the jobs to china and moved his money to iraq off the coaa rock off the coast of france. >> if i'm reading the nation cover story or i managed to pick up greg's book,a rock off the ct of france. >> if i'm reading the nation cover story or i managed to pick up greg's book,a rock off the cf france. >> if i'm reading the nation cover story or i managed to pick up greg's book,a rock off the c france. >>...
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143
Nov 2, 2012
11/12
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it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called out on it. we have fact checkers and we have a great one here. i think everybody in the media is working especially in the final days to figure out what's true and what isn't. that's the reason ffs a significant risk. >> let me play what governor romney has said, david. i want to get your response. essaying don't look at the ads but the record. le met play what he said. >> look beyond the speeches and the attacks and the ads. look to the records toshgts accomplishments and the failures and judgments. word are cheap. >> the concern, at least i know for some democrats, is that this message of, hey, there
it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called...
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jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs out there, especially in pennsylvania, minnesota and michigan. three states that have been considered solidly democratic, but where the obama campaign is now suddenly playing defense, spending more than $1 million on tv ads for the final week. diane? >> also on the campaign trail, jonathan karl. thank you, jon. >>> and coming up here next, flammable gas leaking and it's not just a danger in the storm zone. look. our experiment tonight on this invisible threat. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can he
jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive...
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Oct 27, 2012
10/12
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KQED
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mitt romney was the first guy-- barack obama took gm and chrysler through bankruptcy. mitt romney was for guaranteeing loans, and they're still trying to explain it. and he's very much on the defensive. so obama is running better with whites and white males in ohio than he is elsewhere, in large part because of the auto bailout and they've got a great ground game in ohio too. >> we should emphasize it's not a slam-dunk for obama. if you look at the polls it's been a very steady two point advantage. >> uh-huh. >> in the state for obama. and one of the oddities of the race so far is that the national numbers probably a slight romney favorite right now, the state numbers like ohio, and obama favored. and i don't know too many experienced political hands who expect that to continue, that you get at this junction between the national numbers and some of these swing state numbers. usually they come together. it's possible that if say romney gets a plurality or a majority of 50.6, it's possible to see him losing the electoral college. if he's up over 51 or 52, it's hard to re
mitt romney was the first guy-- barack obama took gm and chrysler through bankruptcy. mitt romney was for guaranteeing loans, and they're still trying to explain it. and he's very much on the defensive. so obama is running better with whites and white males in ohio than he is elsewhere, in large part because of the auto bailout and they've got a great ground game in ohio too. >> we should emphasize it's not a slam-dunk for obama. if you look at the polls it's been a very steady two point...
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. >> the dow is up 140 and gm i think is just moving down. what's going on with gm, please nicole? >> we continue to get the numbers on auto sales and general motors coming out with auto sales for the u.s., rose 4.7% and they also raised their year end inventory. target, reducing stocks to the down side, and gm reported a 13% drop in the third quarter profit and they've seen losses in europe and that obviously has been a continued theme. stuart: all right, nicole, thank you. >> thanks. stuart: oh, i was waiting for some animation to appear, it didn't appear so i'll launch right into my take, here we go. look, when the storm hit, i was in mississippi. the state has a terrific economic education program and i was fully engaged with some of the teachers and students so i watched sandy from a distance. i came home to new jersey yesterday, here is my take on that. i flew from jackson, mississippi to atlanta georgia, and from there to washington d.c. and that's as far as i could get my plane or train. to get to the new york area, i had to drive, and that tells you something. three days a
. >> the dow is up 140 and gm i think is just moving down. what's going on with gm, please nicole? >> we continue to get the numbers on auto sales and general motors coming out with auto sales for the u.s., rose 4.7% and they also raised their year end inventory. target, reducing stocks to the down side, and gm reported a 13% drop in the third quarter profit and they've seen losses in europe and that obviously has been a continued theme. stuart: all right, nicole, thank you....